7, BURNET CLOSE, MELKSHAM, SN12 7SJ - £345,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

7 BURNET CLOSE is a very large detached house of 148m², built sometime between 1991 and 1995, which could now be worth an estimated £420,588. It was last sold for £345,000 in July 2017, which was around 18% below the average July 2017 detached price in the Wiltshire local authority area. The most recent EPC inspection was June 2009, where the current energy rating was D, and the potential energy rating was C.

7 BURNET CLOSE Sold Prices

Land registry data shows three sales for 7 BURNET CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Wiltshire local authority area for the corresponding sale date. All of the three 7 BURNET CLOSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2017 10 JUL	£345,000	£421,727	18% below HPI
2011 19 APR	£238,000	£318,173	25% below HPI
2002 30 JAN	£195,000	£210,449	7% below HPI

7 BURNET CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wiltshire local authority area over time, sourced from the HPI. The three 7 BURNET CLOSE sales between January 2002 and July 2017 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the April 2011 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the July 2017 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 7 BURNET CLOSE be worth now?

7 BURNET CLOSE might now be worth an estimated £420,588.

This is based on house price inflation of 21.9%, between July 2017 and April 2026, for detached houses, in the Wiltshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 21.9% inflationary increase is applied to the most recent sale price for 7 BURNET CLOSE of £345,000 on 10th July 2017. For the value to have increased from £345,000 to £420,588 over the nine years and three months to April 2026, the following assumptions must hold true:

• The value of 7 BURNET CLOSE has moved in line with the HPI for detached houses in the Wiltshire local authority area.
• The July 2017 sale price of £345,000 represented a fair market value for the property.
• The size, condition, and specification of 7 BURNET CLOSE has not materially changed since July 2017.

How Large is 7 BURNET CLOSE?

7 BURNET CLOSE is 148m² according to the EPC inspection conducted in June 2009. This puts it in the largest 20% of detached houses houses in Melksham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Melksham, and where 7 BURNET CLOSE lies on this distribution: 89% of detached houses houses are smaller than 7 BURNET CLOSE, and 11% of houses are larger. Note that EPC data is not available for all properties in Melksham.

7 BURNET CLOSE: Plot and Title Map

7 BURNET CLOSE sits on a plot of roughly 0.103 of an acre, or 415m². The below map shows the location of 7 BURNET CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 7 BURNET CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 7 BURNET CLOSE?

7 BURNET CLOSE is located in MELKSHAM, in the SN12 postcode district. The below map shows the position of No. 7 on BURNET CLOSE.